DAILY COMMENTARY

December 12, 2011
Gold prices kicked off the week down nearly 3% on a stronger dollar as continued worry over the Eurozone debt crisis plagued the financial markets. These concerns follow last week’s agreement by EU leaders to increase fiscal discipline for all 27 members of the Eurozone. The agreement was largely a disappointment for ... » Read the rest.
December 09, 2011
Gold traded higher on Friday as the euro rose and the dollar fell. Currencies reacted to the news that a new Chinese investment vehicle could provide additional funding to troubled euro zone economies and help ease the region's debt crisis. The ensuing weakness in the dollar supported the gold price which rose to $1715.30 per ounce on the New York Spot Market by 10:30 AM Pac ... » Read the rest.
December 06, 2011
Gold prices are lower on the New York Spot Market as of 8:12 a.m. PST on waning confidence over a resolution to the European debt crisis. Standard & Poor’s issued a warning that it could potentially downgrade Eurozone nations, including Germany and France, if a plan to tackle the crisis does not emerge soon. An EU summit in Brussels is scheduled for Friday and analysts ... » Read the rest.
December 05, 2011
Gold prices are lower on the New York Spot Market as of 8:12 a.m. PST on profit-taking as investors took advantage of last week’s 4% rally in gold. According to The Street, “There are many reports swirling about major financial initiatives to help stabilize Europe. European central banks, through the European Centr ... » Read the rest.
December 02, 2011
Gold traded higher on Friday on an encouraging jobs report from the United States and signs that euro zone policymakers are closer to resolving the debt crisis. The U.S. unemployment rate fell to a 2-1/2 year low of 8.6 percent in November and companies stepped up hiring, suggesting the economy is possibly gaining momentum. ... » Read the rest.
December 01, 2011
Gold prices are at 2-week highs after Wednesday’s action by the world’s largest central banks to loosen credit markets and provide more dollar liquidity. Beginning December 5, the central banks will reduce the cost of existing dollar swap lines by 50 basis points through February of 2013. According to UBS analyst E ... » Read the rest.
November 30, 2011
Gold prices surged on the New York Spot Market rising nearly $ as of 9:30 a.m. PDT. Investors acquired the yellow metal following the move by the Federal Reserve and six other central banks to lower the cost of existing dollar swap lines in an effort to create greater global liquidity. According to The Street, “The ... » Read the rest.
November 29, 2011
Gold prices are up $3.60 today on the New York Spot Market as of 8:50 a.m. PDT as the U.S. dollar fell on hopes that Europe may stem its debt crisis and ratings agency Fitch cut the U.S. rating outlook to negative. Gold was also supported by a stronger U.S. stock market, wh ... » Read the rest.
November 28, 2011
Gold prices are rallying on the New York Spot Market as hopes emerged that a stronger fiscal union between the 17 nations in the Eurozone would stem the debt crisis and save the euro. According to The Street, “Reportedly Eurozone nations led by German Chancellor Merkel and French President Sarkozy are in talks to cre ... » Read the rest.
November 25, 2011
Gold prices are lower on the New York Spot Market on a stronger dollar and fresh debt downgrades in the Eurozone. Moody's slashed Hungary's credit rating to junk status following a similar move by Fitch on Portugal, leaving the euro falling and the dollar rising. Italian 10-year bond yields moved back above 7%, a level ... » Read the rest.
November 23, 2011
Gold prices are lower heading into Thanksgiving on profit-taking and a stronger dollar. In addition, the expiration of options on gold futures on Tuesday kept gold prices under pressure. "The bullish factors for gold haven't really disappeared, it's more positioning pushing it down,” said Robin Bhar, analyst for Cred ... » Read the rest.
November 22, 2011
Gold prices rallied on the New York Spot Market after buyers in China took advantage of lower prices and global debt worries spurred safe-haven demand. Analysts say gold will remain supported on demand for the metal as a preservation of wealth. “We expect inflows into both go ... » Read the rest.
November 21, 2011
Gold prices fell on the New York Spot Market on a stronger dollar and losses in global markets as fears over the global debt crisis were heightened. Some investors have liquidated gold positions to cover losses in other markets. Gold has perplexed some analysts in recent we ... » Read the rest.
November 18, 2011
Gold prices are relatively unchanged today despite a weaker dollar and continuing fears over the Euro-zone debt crisis. . Rising borrowing costs for Spain, Italy, and France has prompted a broad sell-off in global markets and forced some investors to sell gold to cover losses. "When you have a sharp market selloff you ... » Read the rest.
November 17, 2011
Gold prices are lower on the New York Spot Market as investors moved out of stocks and commodities following a warning from Fitch Ratings. Fitch cautioned that U.S. banks are at risk of contagion if the crisis in the Eurozone continues to worsen. The strength of the U.S. dollar has been putting pressure on gold prices ... » Read the rest.
November 16, 2011
Gold prices are lower today as investors rushed to the U.S. dollar after borrowing costs soared across the Eurozone. 10-year yield spreads between Germany and other Eurozone nations are hitting 52-week highs. Italian bond yields rose back above 7%, a level seen as unsustainable, and Spanish bond yields hit a 14-year hi ... » Read the rest.
November 15, 2011
Gold prices are volatile on a stronger dollar and reports that billionaire investor John Paulson cut his holdings in the SPDR Gold Trust. “A stronger U.S. dollar would limit the upside in gold for now,” Andrey Kryuchenkov, an analyst at VTB Capital in London, wrote today in a report. Still, “the stalemate in Euro ... » Read the rest.
November 14, 2011
Gold prices are lower Monday on a stronger U.S. dollar after former European Central Bank’s -vice president Mario Monti was tasked with establishing a new Italian government. While investors are hopeful a new government can successfully implement austerity measures in Italy, concerns remain over Greece, which is prom ... » Read the rest.
November 11, 2011
Gold prices climbed higher on the New York Spot Market as continuing uncertainty regarding the Eurozone debt crisis sparked renewed safe haven buying. Standard Bank analyst Walter de Wet told Reuters, "The European Central Bank will have to create more money to assist the debt burden in Europe and that will be good fo ... » Read the rest.
November 10, 2011
Gold prices are lower on the New York Spot Market as of 12:19 p.m. EST as investors took profits to cover losses from Wednesday’s sell-off in U.S. equities and worries about a disordered bankruptcy in Greece and a deepening debt crisis in Italy weighed on market sentiment. "Broader trading is jittery but gold is more ... » Read the rest.
Get Your FREE Investor Kit!
Learn how to acquire Gold and Silver
Complete the form below to receive your FREE kit:
Title:
First Name:
Last Name:
Phone:
Zip:
Please check this box to sign this form and confirm that Goldline may send its free investor kit to you and contact you using the phone number above.
Address:
 
City:
Country:
State:
Zip:
Please check this box to sign this form and confirm that Goldline may contact you using the email address above and send its free investor kit to you for free.
Your Investor Kit will include
  • An Introduction to Precious Metals
  • Advantages of Owning Gold and Silver
  • Popular Coins and Gold Products
  • How to Acquire Precious Metals and Rare Coins